PYMNTS

FEBRUARY 8, 2019

A recent survey showed that retailers are going to get some love on Valentine’s Day, according to reports. The spending is expected despite the survey’s results showing that only about 51 percent of the population is planning to celebrate the holiday, which is a decrease of 4 percent from last year and the high of 63 percent in 2007.

Retail 150

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PYMNTS

SEPTEMBER 27, 2019

As New York City ’s vacancy rate has skyrocketed by nearly 50 percent, a report released by City Comptroller Scott Stringer showed that the amount of empty retail space in the city has doubled in the last 10 years or so. percent in 2017, up from 4 percent in 2007, according to Retail Dive. The vacancy rate reached a high of 5.8

New York City 133

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Chris Skinner

JULY 5, 2017

One of the first to be contactless and, more recently, one of the first to offer social retail banking. If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey.

National 300

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PYMNTS

MAY 30, 2017

Year after year, the retail industry typically welcomes a new influx of workers across all of its verticals. As it turns out, retail industry jobs are actually seeing growth and better pay in the e-commerce arena. He said “If this new pattern continues, it will raise real wages across the economy and rejuvenate the middle class.”

Retail 117

Retail Washington Policies Industry 117

PYMNTS

JANUARY 14, 2020

Retail is about more than the products being sold or the technology being used. That change is being reflected at the NRF annual event commonly called “Retail’s Big Show,” which ends on Tuesday (Jan. We built all of these mobile commerce things, but retailers still had all these physical stores,” Levene told NRF. Teen Workers.

Retail 131

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PYMNTS

FEBRUARY 7, 2020

Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

Retail 143

Retail Dallas Massachusetts Technology 143

PYMNTS

NOVEMBER 15, 2020

The deal, the report stated, would result in a bank with over $550 billion in assets and the fifth-largest retail bank in the country. BBVA bought Alabama's Compass Bancshares in 2007 and has around $100 billion in assets in the U.S., including branches around the Sunbelt with a large presence in Texas.

Report 247

Report Alabama US Texas 247

PYMNTS

JUNE 19, 2017

Luxury retail isn’t such a cushy business these days. Nordstrom might be going private , the retail company announced in news Thursday (June 15). percent from the previous quarter, while retail net sales climbed only 0.5 Luxury retail isn’t seeing setbacks because of the economy or uncertain political environment.

Retail 143

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PYMNTS

FEBRUARY 1, 2021

“The service is designed to be highly secure and uses custom-built algorithms and hardware to create a person’s unique palm signature,” Dilip Kumar , vice president of Amazon Physical Retail, said in a press release. “We The Piggly Wiggly pilot program ended in 2007 when Pay By Touch went bankrupt.

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Seattle Tools Retail Security 207

PYMNTS

OCTOBER 4, 2016

The glasses — named “Radar Pace” — fall under Luxottica’s subsidiary sports brand, Oakley, which was acquired by Luxottica in 2007. Last week, Intel announced that it was collaborating with Chicago-based InContext Solutions to develop VR hardware and software for the retail industry.

Chicago 181

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PYMNTS

DECEMBER 11, 2020

Merricks alleges Mastercard is in violation of the European Union’s competition law because of the “interchange” fees charged to retailers for card use. The case stems from an European Commission (EC) ruling in 2007 that said Mastercard interchange fees were in breach of competition law. . The high court in the U.K.

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PYMNTS

MARCH 23, 2020

The effects of the downturn could rival – or even exceed – those of the housing crisis from 2007 to 2009, which brought about a recession. The economic shortfall could reach up to $1.5 trillion throughout the United States, per numbers forecasted by experts, and a recession is expected to occur.

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PYMNTS

FEBRUARY 18, 2020

The Coventry store has regularly had losses since its 2007 opening, with shoppers instead choosing to transact via eCommerce or visit retail parks.

Google 199

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Perficient

MARCH 10, 2021

The federal banking agencies noted that the increase in non-pass commitments was largely from borrowers in industries heavily affected by COVID-19, such as entertainment and recreation, oil and gas, real estate, retail, and transportation services. percent vs 22.3 percent) subject to negative review was substantially lower. Total Outstanding.

National 309

National Regulation FDIC Retail 309

PYMNTS

JUNE 13, 2017

It has advantages for retailers, too. Data Enabler VoltDB helps retailers carry that load, with broad, deep, and most importantly, fast data reporting that enables them to adapt to fluctuating inventory needs on the fly. A recent trend in retail is the increased use of buy online and pickup in store (BOPIS).

Retail 111

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PYMNTS

MAY 5, 2016

Absolutely no need to panic, then — unless the topic is retail bankruptcies , which increased year over year by 24 percent. Such is the double-edged sword of a retail industry swept up in innovation. For every new path cut through the market, the retailers standing in the way are cut down. January — Wet Seal. As of Feb.

Retail 100

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PYMNTS

MARCH 9, 2016

Everybody likes to talk about the addiction that brick-and-mortar retailers have developed for deep, and often destabilizing, discounts, and they usually point to store closings and executive board shakeups at Macy’s and other chains as clear proof of these practices’ consequences. NOW: $150.00”).

Retail 100

Retail Online New York Video 100

PYMNTS

NOVEMBER 10, 2020

Founded in 2007 by Miles and John Perry, who serves as chief executive officer, Bluefin specializes in encryption and tokenization payment and data security. . Each $1 of fraud costs retailers $3.13. . This leaves payment data vulnerable while inside the web page before it is transmitted.

Security 233

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PYMNTS

JANUARY 30, 2019

Data from CoStar has revealed that leases for general retail and apparel tenants have fallen from an average of six years in the five-year period ending in 2007 to 4.5 The data showed that 5,000 mall stores, which make up 147 million square feet of retail space, closed last year, with 88 percent belonging to departing anchors.

Los Angeles 145

Los Angeles Retail Google Study 145

Bank Innovation

MARCH 31, 2016

Fidor began in Munich in 2007, and gained traction as a digital bank during and after the financial crisis. Fidor Bank is closer to its U.S. launch, but is still missing a critical piece to complete its services: a bank charter. It has routinely been hailed as one of the most Read More.

Digital Banking 150

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PYMNTS

DECEMBER 24, 2020

Data: 2007 : Year the first Apple iPhone was launched. And, in business-to-business (B2B) payments, modernizations can help firms in the medical sector overcome some of their accounts payable (AP) and accounts receivable (AR) frictions, while in connected vehicles, an “ iCar ” could finally be coming to fruition as soon as 2024.

Innovation 186

Innovation Payments Apple Survey 186

PYMNTS

FEBRUARY 5, 2020

With the infrequent closing of one of its stores, IKEA is expected to shutter a British location as the retailer says the store had a “substantially lower” number of shoppers than first forecast. Peter Jelkeby, country retail manager and chief sustainability officer of the group’s division for the U.K. billion in the year to August.

Retail 131

Retail Strategy Groups Report 131

PYMNTS

FEBRUARY 27, 2019

27), Anthony Barzilay Freund, editorial director and director of fine art at the retailer of antique and modern furniture, jewelry, fashion and art, talked about the role content — even long-form articles — can play in eCommerce in 2019. billion in 2007. But catalogs can work, as 1stdibs and other retailers have learned.

Retail 214

Retail Online America Millennials 214

PYMNTS

OCTOBER 21, 2016

Retailers that are unable to call on substantial financial reserves are struggling in the current environment. Mobile shopping is growing and a key focus of retailers going into the holiday season. Mobile shopping is growing and a key focus of retailers going into the holiday season. Along with Claire’s Stores Inc.,

Retail 100

Retail Marketing Branding Austin 100

PYMNTS

DECEMBER 12, 2019

After two years at the world’s largest retailer, Bonobos founder Andy Dunn is leaving Walmart in early 2020, Reuters reported on Thursday (Dec. He joined Walmart as senior vice president of digital consumer brands when the retail giant acquired Bonobos and was previously CEO of the brand since its inception in 2007.

Branding 131

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PYMNTS

FEBRUARY 6, 2020

It would make sense that the supermarket business might be immune from the cross-currents of retailing in 2020. Three regional players in the organic food retail business — where Whole Foods and parent Amazon rule — have declared bankruptcy over the past month. based natural foods retailer is the third significant U.S.

New York City 153

New York City New York Regional Retail 153

Perficient

NOVEMBER 3, 2020

Here are some statistics to back up this social proof: 92% of consumers around the world say they trust earned media, such as recommendations from friends and family, above all other forms of advertising—an increase of 18% since 2007. 70% of people will trust a recommendation from someone they don’t know. The statistics don’t lie.

social media 332

social media Google Branding Training 332

PYMNTS

APRIL 9, 2019

With store closures in retail making fewer jobs in the space for teens, teen workers are returning to the workforce for restaurants. million — teens worked in restaurants last year per the Bureau of Labor Statistics, which was the same level as in 2007 before the recession, CNBC reported. percent of teens had a job in 2007, only 35.1

United States 109

United States Survey Community Report 109

PYMNTS

MARCH 18, 2019

recently fell to the lowest rate since the 2007-2009 financial crisis, but a new product launch from JPMorgan Chase & Co. According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. The percentage of unbanked people in the U.S.

America 175

America Survey FDIC System 175

PYMNTS

JANUARY 3, 2019

The retailer’s parent company, Hudson’s Bay Company (HBC), sold the iconic 676,000-square-foot building to WeWork for $850 million in fall 2017, in a deal aimed to lower HBC’s debt levels and give WeWork a new headquarters in New York City. As it shuts down a brick-and-mortar location, the retailer is focusing on its online presence.

New York City 134

New York City New York Conference Retail 134

PYMNTS

MARCH 12, 2019

Linq3, founded in 2007 in Atlanta, develops, builds and markets traditional and digital lottery products. The company uses new technologies aimed toward customer satisfaction, and attempts to attract customers at retail point of sale (POS) systems. “By

Industry 134

Industry Atlanta Cards United States 134

PYMNTS

DECEMBER 27, 2019

Arts and crafts retailer Michaels has announced that Walmart executive Ashley Buchanan will be taking over as CEO from Mark Cosby, and shares jumped 15 percent after the news, according to a report by CNBC. We are grateful to Mark for his steady and thoughtful leadership as Michaels has navigated a challenging retail environment.

Leadership 131

Leadership Retail Customer Experience America 131

South State Correspondent

APRIL 1, 2022

Job gains were, once again, widespread led by gains in leisure and hospitality, professional and business services, retail trade, and manufacturing. increase is the biggest annual increase in the data series dating back to 2007. Total employment, however, remains 1.6 The YoY rate for earnings was 5.6% expected and 5.2% in February.

Report 195

Report Marketing Retail Data 195

PYMNTS

SEPTEMBER 5, 2019

Amazon is not the first player that has made this attempt in the world of retail. It isn’t even the first (or second or third) to attempt to roll out biometrics payments in the world of grocery retail. The impressive customer adoption rates we’ve seen already will continue to increase as we add more and more retailers to our network.”.

Payments 191

Payments Cards System Chicago 191

PYMNTS

JANUARY 5, 2018

While many in the segment have bemoaned store closures as a sign of weakness in the retail sector, one expert is taking a slightly more optimistic view of what’s next — at least in regards to one retailer in particular. Cast was with Walmart for seven years — between 2000 and 2007.

Retail 102

Retail Operations Industry Company 102

PYMNTS

MARCH 19, 2020

“The more aggressive coronavirus containment measures imposed in recent days involving the near-total shutdown of the retail, leisure and travel sectors in some parts of the country are clearly starting to have a dramatic impact,” said Andrew Hunter, senior U.S. economist at Capital Economics.

Capital 141

Capital Retail Industry Report 141

PYMNTS

NOVEMBER 6, 2017

That could be one take away from CVS’ latest 3Q earnings release, which managed to come in ahead of analyst expectations on Wall Street, despite weak retail sales. That power-play might be ever more necessary going forward, as CVS’ retail business is continuing to show signs of decline — down 2.8 Earnings per share locked in at $1.50

Retail 101

Retail Apple Strategy Management 101